ACI Worldwide Correlations

ACIW Stock

USD 52.51 0.03 0.06%

The current 90-days correlation between ACI Worldwide and NetScout Systems is 0.27 (i.e., Modest diversification). The correlation of ACI Worldwide is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

ACI Worldwide Correlation With Market

Very weak diversification

The correlation between ACI Worldwide and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ACI Worldwide and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ACI Worldwide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy ACI Stock please use our How to Invest in ACI Worldwide guide.

Moving together with ACI Stock

0.84	S	SentinelOne	Pair Corr
0.61	MQ	Marqeta	Pair Corr
0.63	DTSS	Datasea	Pair Corr
0.78	VRNS	Varonis Systems	Pair Corr
0.62	EVCM	EverCommerce	Pair Corr
0.66	EVTC	Evertec	Pair Corr
0.76	FLYW	Flywire Corp	Pair Corr
0.81	GEN	Gen Digital	Pair Corr
0.76	MDB	MongoDB	Pair Corr

Moving against ACI Stock

0.74	VRAR	Glimpse Group	Pair Corr
0.68	GB	Global Blue Group Earnings Call This Week	Pair Corr
0.65	BB	BlackBerry Aggressive Push	Pair Corr
0.65	VRSN	VeriSign	Pair Corr
0.52	EXOD	Exodus Movement,	Pair Corr
0.31	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.63	HCP	Hashicorp	Pair Corr
0.63	LIDRW	AEye Inc	Pair Corr
0.54	DBX	Dropbox	Pair Corr
0.43	DLO	Dlocal	Pair Corr
0.43	NET	Cloudflare	Pair Corr
0.41	SWI	SolarWinds Corp	Pair Corr
0.4	VHC	VirnetX Holding Corp	Pair Corr
0.34	WIX	WixCom Earnings Call This Week	Pair Corr
0.31	XNET	Xunlei Ltd Adr Upward Rally	Pair Corr

Related Correlations Analysis

	NTCT	CCSI	CSGS	ESMT	FORG	RELY	EVCM	GB	EVTC
NTCT		0.81	0.88	0.0	0.0	0.62	-0.27	0.01	-0.33	NTCT
CCSI	0.81		0.85	0.0	0.0	0.62	-0.37	0.11	-0.42	CCSI
CSGS	0.88	0.85		0.0	0.0	0.57	-0.19	-0.16	-0.21	CSGS
ESMT	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ESMT
FORG	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FORG
RELY	0.62	0.62	0.57	0.0	0.0		-0.67	0.62	-0.69	RELY
EVCM	-0.27	-0.37	-0.19	0.0	0.0	-0.67		-0.74	0.92	EVCM
GB	0.01	0.11	-0.16	0.0	0.0	0.62	-0.74		-0.72	GB
EVTC	-0.33	-0.42	-0.21	0.0	0.0	-0.69	0.92	-0.72		EVTC
	NTCT	CCSI	CSGS	ESMT	FORG	RELY	EVCM	GB	EVTC

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

EVTC	+ 0.92	EVCM
CSGS	+ 0.88	NTCT
CSGS	+ 0.85	CCSI
CCSI	+ 0.81	NTCT
RELY	+ 0.62	NTCT
RELY	+ 0.62	CCSI

High negative correlations

GB	- 0.74	EVCM
EVTC	- 0.72	GB
EVTC	- 0.69	RELY
EVCM	- 0.67	RELY
EVTC	- 0.42	CCSI
EVCM	- 0.37	CCSI

Risk-Adjusted Indicators

There is a big difference between ACI Stock performing well and ACI Worldwide Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ACI Worldwide's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NTCT	1.49	0.13	0.07	0.14	1.85	(1.50)	2.53	(3.12)	16.99
CCSI	1.65	0.23	0.09	0.25	2.18	(1.75)	3.12	(3.41)	18.81
CSGS	1.12	0.23	0.17	0.33	1.10	(1.25)	2.25	(1.49)	6.91
ESMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FORG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RELY	1.43	0.51	0.37	0.79	1.00	(1.80)	4.55	(2.25)	7.49
EVCM	1.47	(0.12)	0.00	(0.16)	0.00	0.00	3.22	(3.32)	10.86
GB	2.29	0.32	0.10	1.57	3.03	(2.42)	4.77	(4.59)	22.78
EVTC	1.04	(0.06)	0.00	(0.09)	0.00	0.00	2.06	(2.30)	8.92

ACI Worldwide Corporate Management

Dennis Byrnes	Chief Admin. Officer, Executive VP, General Counsel and Secretary	Profile
Karen Hobbs	Interim Officer	Profile
Abraham Kuruvilla	Executive Officer	Profile
Abe Kuruvilla	Executive Officer	Profile
Debbie Guerra	Executive Officer	Profile
Craig Ramsey	Product Payments	Profile
John Kraft	Head Finance	Profile

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